In March 2020, the four biggest banks of Belgium had already lowered their economic outlook for the rest of the year as the coronavirus spread. All four banks combined predicted that Belgium's economy would grow by 0,8 percent in 2020, a prediction that was significantly lower than the forecast from the National Bank at the end of 2019 and their lowest prediction since 2013. Contributing factors in early March 2020 were the pandemic outbreak in China and its potential consequences for Belgian trade, along with concerns on consumer confidence.
Short-term GDP growth forecast for 2020 according to different sources in Belgium
The numbers provided are as of the listed date, as world events or domestic occurances can change these short-term predictions. The National Bank of Belgium is older than the predictions from the individual banks, as the NBB publishes its predictions once every six months.
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Het Laatste Nieuws, & National Bank of Belgium, & Federaal Planbureau. (March 19, 2020). Short-term GDP growth forecast for 2020 according to different sources in Belgium [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1104443/gdp-growth-forecasts-from-different-sources-in-belgium/
Het Laatste Nieuws, und National Bank of Belgium, und Federaal Planbureau. "Short-term GDP growth forecast for 2020 according to different sources in Belgium." Chart. March 19, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1104443/gdp-growth-forecasts-from-different-sources-in-belgium/
Het Laatste Nieuws, National Bank of Belgium, Federaal Planbureau. (2020). Short-term GDP growth forecast for 2020 according to different sources in Belgium. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1104443/gdp-growth-forecasts-from-different-sources-in-belgium/
Het Laatste Nieuws, and National Bank of Belgium, and Federaal Planbureau. "Short-term Gdp Growth Forecast for 2020 According to Different Sources in Belgium." Statista, Statista Inc., 19 Mar 2020, https://www.statista.com/statistics/1104443/gdp-growth-forecasts-from-different-sources-in-belgium/
Het Laatste Nieuws & National Bank of Belgium & Federaal Planbureau, Short-term GDP growth forecast for 2020 according to different sources in Belgium Statista, https://www.statista.com/statistics/1104443/gdp-growth-forecasts-from-different-sources-in-belgium/ (last visited December 22, 2024)
Short-term GDP growth forecast for 2020 according to different sources in Belgium [Graph], Het Laatste Nieuws, & National Bank of Belgium, & Federaal Planbureau, March 19, 2020. [Online]. Available: https://www.statista.com/statistics/1104443/gdp-growth-forecasts-from-different-sources-in-belgium/
